BSET vs BTBD: Correlation
How closely do Bassett Furniture Industries, Incorporated (BSET) and BT Brands, Inc. (BTBD) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSET and BTBD?
On 3 years of weekly data the BSET/BTBD correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.19 over 3 years. The 5-year figure is -0.13, and annualized covariance runs at -544.0 %².
BTBD is close to the least connected end of BSET's tracked universe, ranking #8 of 10. The last year tells two different stories: BSET led by 41.2 percentage points, +18.7% for BSET against -22.5% for BTBD. Note the risk asymmetry: BTBD runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BSET vs BTBD: side by side
| BSET (Bassett Furniture Industries, Incorporated) | BTBD (BT Brands, Inc.) | |
|---|---|---|
| 1-year return | +18.7% | -22.5% |
| 5-year return | +17.6% | -67.8% |
| Volatility (ann.) | 34.7% | 82.0% |
| Beta vs S&P 500 | 0.46 | 0.39 |
| Max drawdown (3Y) | -28.8% | -65.7% |
| Market cap | $0.2B | – |
| P/E (trailing) | 29.9 | – |
| Dividend yield | 4.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSET | BTBD |
|---|---|---|
| 2022 | +15.6% | -38.1% |
| 2023 | -0.4% | +36.8% |
| 2024 | -12.1% | -42.4% |
| 2025 | +27.5% | -3.5% |
| 2026 | +16.7% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSET and BTBD good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BSET and BTBD?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.07 over the last year and -0.13 over 5 years.
Is BTBD a good diversifier for BSET?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: BSET correlations · BTBD correlations
